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20130115
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
of work two years, three, even four. they're college-educated professionals in their 40s or 50s, people who thought their company would take them all the way to retirement. vernon? >> i was very angry. i was very bitter. i was fed up with society, the corporate world, the lies, deceit, the greed. >> they don't look it, but they have fallen out of the middle class, turned in cars, gone on food stamps, taken kids out of college, and faced foreclosure. now, they've pinned their last hopes on joe carbone. >> the word "carnage" is a strong word, but i can't think of a better word in this case. and i-- what aggravates me is that there isn't outrage. we ought to be angry. we ought to be giving every moment of our time figuring out how we're gonna restore for them the american dream. >> joe carbone is president of something called the workplace. it's the state unemployment office in southwest connecticut where people get job training and placement help. carbone has a reputation for innovative job programs, but he has never seen so many people out of work so long. >> there is no comparison to be
of the economy, retail, health care, education and defense spending, that's one-third of the economy, that's where we think the money is going in the next five years. those areas are right for change and venture capitalists are looking at that straight on. one-third of gdp will be revolutionized we see in the next five years. >> wow. >> so we talked to the wrong two guys if we're looking for areas that are seeing a contraction in venture capital. i mean, you guys happen t in the sweet spot right now. brad, is that a fair assessment? >> that is correct. we're seeing a huge expansion in investment. and, you know, if you're looking for an area that is growing very, very quickly, health care i.t. is the place to be. >> health care i.t. and also what john is talking about because you've got mobility taking over. so much data. i like to say nothing is growing as fast as data. >> that's right. maria, mobility is a horizontal play. it affects education. it affects health care and affects security and affects retail. it's really important, and mobility is not just the four-inch screen that we think
lose millions in community block grant funding and in the education department and a number of other areas. so i'm in the process of getting ready to announce my budge it in the first week of february. we don't know what we are or aren't going to have. i inherited a $4.2 billion deficit. we didn't spend more than what we had. the federal government has to look to spend within their means. >> we are going to leave it there. >> we appreciate it. great story to tell. we have breaking news out of washington now the house is voting to provide aid to victims of super storm sandy. >> the house vote is continuing. we have five minutes left. this $50 billion bill for sandy relief has the votes to pass. 175 nay votes. about 5:00 left in the vote it is not official until they gavel down this vote. earlier today there was an attempt to offset some of the cost of the spending in this bill bypassing an amendment that could have a spending caught with the federal government. this will not be paid for but it looks like the $50 billion is passing as we speak. >> dow k chris christie will have a nice
to make friends. i'm just trying to save you some money. my job is not just to educate, but i'm entertaining, coaching and teaching tonight. so call me 1-800-743-cnbc. does the market not understand the gravity of a u.s. government shutdown? does it not comprehend it's not merely the nation's credit rating that's at risk from the debt ceiling debacle? but the full faith and credit of the republic itself? how long can we shrug off this grand canyon plunge that's coming? as we did again with another benign day, dow tipped 29 points, and nasdaq advance advanced .22%. this is behavior. is the market actually smarter than you and i think? i'm starting to believe the latter and tonight i'm going to tell you why. first, i don't necessarily want to invest in a country if it doesn't pay its bills. dead beat country, but i don't mind if it can't pay for its bills but for a moment refuses to. it must honor its debts no matter what. i believe passionately that we will pay debts in a timely fashion. congress is supposed to hold the purse strings, but the american people are less stupid tha
it in context, teach and educate. call me 1-800-743-cnbc. all right. sometimes you just have to don the old bear costume, put yourself in yogi's hat or even boo-boo's paws to understand this market. the dow roaring 85 points, and nasdaq climbing .59%, happy days here again. it's one of those days. see, we're always trying to understand the coloration of the market. but sometimes we literally can't do so unless we go to jelly stone national park and get all ersine about it. when you own a stock and something terrific happens but the stock goes down anyway. what goes through your mind? perhaps you say maybe the news isn't as good as we thought. or perhaps i got to do more homework. maybe this news was already baked into the stock and that's why it didn't go higher. however, far more likely that you would be emotional about it. would you say, you know what? i give up. all that homework, all that good news, all those positives, they didn't matter. this just must be a horrible moment for the market, and it is a huge bear phase. that's where we are right now. huge bear phase, and i'm not going to buy
increasingly goes digital and students would be using many more education resources, and using textbooks and new technologies that come out. it's about nobody up to this point has focused on putting the student first. so chegg has taken the position that our goal is to give the students what they need, our mission is to save them time, save them money, get them smarter. the education process is really difficult. it's really fragmented. i have two daughters, rachel and samantha, and one went through the process and the other is going through it now. and it's just really complicated, really expensive, and it's not necessary anymore. >> you know, of course facebook started in a college dorm, conceivably as a social network originally for students who were in college. what's going to differentiate chegg from any other social m network that is out there, and why as a student i would want to be on it? >> we think of it more as a connective learning platform. it's focused on the students' lifetime while in school, their academic needs, their needs as a student. it's probably more similar to lin
since the heinous newtown atrocities that killed all the little baby angels and their educators. now the police chief in newtown is calling for an assault weapons ban. ann thompson has the latest from there. >> reporter: good evening, larry. there's a new organization called sandy hook promise. it is a group of residents including some parents and family members of victims who want commonsense solutions to prevent school shootings from happening again. this is a group that says it is nonpolitical. it is nonpartisan. and it doesn't have an agenda. other than to have a national discussion about what to do to keep these tragedies from happening again. they want to look at mental health issues. they want to look at the issue of violence. and they want to look at the issue of guns. in fact, they're not talking -- calling it gun control here. they call it gun responsibility. they want gun owners at the table. in fact, i talked to one of the founders tonight who said that he thinks the gun owners may be the key to solving this problem because they have the knowledge as to how to keep guns i
not to education. doesn't help our kids. doesn't help with health care. it helps the countries that loan us the money. >> and with that spike in interest rates goes along with a real market disruption, i guess, in equities. a pretty good sizable selloff in stock prices as well. senator, have you laid out a pretty gloomy picture for the next ten years. let's hope we get our arms around the debt. >> you keep laying it out because, you know, at some point, the stock market is rolling around and everything, because the stock market believes that no government could be as stupid as where these guys are headed, but they could. >> oh, really. >> yeah, exactly. good to have you on the program >> you bet. >> love talking with you always. coming by more often, would you, please. >> would love to. >> breaking news right now on dell. david faber with the story. >> reporter: thanks very much, maria. joining you on the phone from mid-town. want to fill in some gaps we have in terms of understanding what exactly is going on with the potential leveraged buyout of dell, and i think i can do that this aftern
but to educate you so call me at 1-800-743-cnbc. we had that sweet combination of good earnings from companies like general electric, morgan stanley, schlumberger coupled with benign squibbs out of washington that maybe there won't be a big fight, partisanship, maybe there'll be a deal. and that combo produced nice, quiet, bullish action. the dow rallying 54 points, s&p gaining .34%, though the nasdaq declined .04% because of a disappointment from intel and earnings jitters from google and apple. yet, despite that relatively rosy action, the earnings season was a bust or the earnings are okay but the sales are weak. people over the place are chastising me for regarding the numbers we've seen so far in the last couple of weeks as positive. like i'm whistling past the graveyard. see no evil earnings. first, earnings season has barely begun. it's about eight minutes have gone by in the first quarter. these nay sayers are acting as if they're watching some football game where the bears/patriots are three touchdowns ahead of the bullish ravens at the two-minute warning. that's way too early to judg
. teachers educate. architects design buildings. engineers construct things. journalist hopefully reveal the truth. help us to see the truth in society. businesses, the greatest value creator in the world. it doesn't get credit for it. its narrative has been hijacked by critics and put this this greedy exploit ative purpose. >> i do a little program on cnbc called "how i made my money." stories about people who achieved the american dream. they often start with small ideas. and i agree with you. i can't remember one of them who said, i want it make money. that's my goal here. it is usually with their little businesses that they have a product that they believe in. it is belief and faith and desire to prove for self validation. >> that's correct. >> he wonder whether you believe that lofts of companies at some point, maybe more public than private, lose sight of that fundamental faith that what they are doing is serving customers and they become all too focused on the next quarter's profits and so forth. >> i definitely believe that does happen. when it does happen the business ultimately
does not raise the bottom. upward mobility may be a problem of education. how many times did you hear the president say that we don't spend enough on education? the problem is, we have no cause/effectiveness aspects in place. spending more might make politicians feel good when they go home but doesn't cure the problem. last but not least, green energy. we're going to subsidize the solyndras. don't think so. it's been around at the beginning of many centuries. maybe the problem is that when you have 330 million people in this country, solar panels just aren't going to cut it for what drives business. energy, real energy like natural gas. cause/effects, be careful. there's a lot of nefarious activity. >> flagging this to our viewers, mark cuban walking "squawk on the street." the president is lying when he says a calorie or fructose is the same as any other to your body. we just had the discussion talking about their new initiative trying to address obesity. interesting, huh? >> real turn here. >> a lot more "squawk on the street" still ahead. tdd#: 1-800-345-2550 this morning, i'm goin
. for more currency trade, be sure to catch more tomorrow at a:30 eastern the if you want more education about currencies. >>> tonight on the television premiere of "shadow billionaire" after dhl founder vanished during a routine flight over the pacific, several young women claimed he had fathered their children and sued for a piece of his massive fortune. as the ballots heated up, the sordid details of the secret life began to emerge. >> our local counsel in the philippines gave us a tour of his manila, the clubs were unbelievable. they're or four or five hundred women in them who are classified either as dancers, nude dancers, or guest relations officers, g.r.o.s which i thought was the most formalistic title i had ever heard for a hooker. >> do not miss the premiere tonight at 9:00 p.m. eastern and pacific here. >> what time was that? >> 9:00 eastern and pacific. >>> when we come back, goldman sachs strategist lays out the best sectors to play and whether or not the saul run so far has further to go. what are you doing? nothing. are you stealing our daughter's school supplies and taki
. >> that is really interesting, gary. you've done so much to try to educate our viewers as to how those -- how those thipgs work and how they're different. we'll come back to you in a little bit. >>> more problems for the 787, of course, pushing boeing into the red today. off the lows. when and how should the aircraft maker step up its response? we'll take a look at that next. >>> first, rick santelli is working on something for later on in the hour. hey, rick. >> good morning, carl. we're going to stick with our theme ant exports and currencies and depreciations. chief economist at the cme group. that's all coming up in 10, 12 minutes. if you're an fx cross trader you don't want to miss this one. >>> the problems keep coming for boeing. nippon airways saying a dreamliner made an emergency landing in japan today after battery problems and a burning smell was detected in the cockpit and cabin. they're grounding dreamliner fleets. phil lebeau has been on this story from the very beginning. >> the problem for boeing investors is we've seen a slew of problems when it comes to the dreamliner. this is jus
and policy risk. as investors we owe it to our clients to bring all that together to make an educated investment positioning for their portfolios. >> all right. so then what did you -- i know how you look around corners at pimco and multispeed universe. i got all your phrases in this new normal that we have. how are you handicapping those three things that you said? i don't think you're positive about the two sides coming to the. are you? >> no. first, joe, it's great that you say new normal. >> i say multi -- i say -- we'll see whether it really is a new normal. a new normal can't only last three years, mohamed. i'm still hoping you're wrong. i don't want this forever. >> no, we said in 2009, two to five years. so 2009 we said it for three to five years. >> wait a second. that means you're already right it's 2013. >> you're done. by coincidence he's already right. >> slow growth, unusually high unemployment, the system credit and debt issues. okay so in terms of what to expect, you should expect that once again it's going to be incredibly noisy. we're not going to get any positive mo
Search Results 0 to 20 of about 21 (some duplicates have been removed)